Business owners can now apply for upto 15 million bid bonds from the comfort of their offices or homes. The new application is a departure from the manual process of securing bid bonds and it embraces technology as the next big frontier. The authenticity of the bid bonds generated is validated by a QR code embedded in the guarantee. In addition, the bid bonds are auto-signed by the Authorized Signatories of the Bank. The platform is accessible by both customers and potential customers.

Source: The Star May 21, 2021 12:00 UTC